Blockchain ICO: “Change is everywhere, and regardless of what industry you’re in, it’s inevitable. Leading the pack for change is technology — and it can be overwhelming to try to keep up with its breakneck speed.”
Startups and newbies are always on the lookout for better opportunities to capture the market and stand out an as big name. For many, this means raising funds through an initial coin offering (ICO), in opposition to the more traditional venture capital route. In the simple terms, an ICO is a fund-raising method by which a company raises fund by releases its own digital currency in exchange (also called tokens), typically, for ethereum or bitcoin. The point is to attract investors looking for the next big cryptocurrency score in their pocket.
With ICOs trend picking up steam, your start-up might be wise enough to dig out whether an ICO would be the game changer for you.
Some considerations are in order One is that most of the investors are going tired of initial public offerings (IPOs). Sure, there’s bucket of opportunity to multiply money that way, but it’s not even close to the excitement surrounding a hyped-up ICO.
With thousands of millions of dollars spent on ICOs over the past few years, there is no downside in sight. In fact, because most of the start-ups around the world are considering the fruitfulness of an ICOs in cryptocurrency, don’t go surprised if 2018 it gets bigger even more than what we have witnessed in 2017.
An ICO generally takes two to four weeks, during which investors can purchase tokens in exchange for digital currencies. The token or liability provides investors with access to upcoming services from the ICO start-up and its community. And at the heartbeat of that ICOs in cryptocurrency? Blockchain technology, which tracks and manages digital transactions via smart contracts.
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